- loan, personal
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n.A secured or unsecured loan to be used for personal purposes as opposed to commercial ones.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
loan, personal
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Personal finance — is the application of the principles of finance to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save, and spend monetary resources over time, taking into account… … Wikipedia
personal loan — ➔ loan1 * * * personal loan UK US noun [C] ► FINANCE money that you borrow from a bank or other financial organization for your personal, rather than business, use: »She is wondering whether to consolidate her debts by taking out a personal loan … Financial and business terms
loan — money lent at interest.A lender makes a loan with the idea that it will be paid back as agreed and that interest will be paid for the use of the money. Glossary of Business Terms Temporary borrowing of a sum of money. If you borrow $1 million you … Financial and business terms
loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… … Black's law dictionary
loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… … Black's law dictionary
loan — Money lent on condition that it is repaid, either in instalments or all at once, on agreed dates and usually that the borrower pays the lender an agreed rate of interest (unless it is an interest free loan). See also balloon; bank loan; bridging… … Big dictionary of business and management
loan — n 1 a: money lent at interest b: something lent usu. for the borrower s temporary use 2: a transfer or delivery of money from one party to another with the express or implied agreement that the sum will be repaid regardless of contingency and usu … Law dictionary
Loan protection insurance — Loan protection insurance, or loan payment protection insurance, is a form of payment protection insurance. This type of insurance can help you protect your monthly loan payments if you become unemployed or suffer an accident or sickness.Loan… … Wikipedia
loan consolidation — Combining a number of loans into a single new loan. Consolidation typically extends the repayment period, lowers the monthly payments, and thereby increases the interest the borrower will have to pay over the life of the consolidated loan.… … Law dictionary
personal — UK US /ˈpɜːsənəl/ adjective ► belonging to a single or particular person rather than to a group or an organization: »The rising levels of personal debt are already a considerable problem for the economy. »There is always some personal risk… … Financial and business terms
